Saturday, September 27, 2014

"It’s a huge affirmation that opens the door to help art owners reduce their estates." (UPDATED)

Was distracted this week, including by thinking about who shall be deaccessioned and who shall not in the coming year, and still catching up. For my money the most important art law story of the week was the Fifth Circuit's decision in the Estate of James Elkins affirming the use of fractional interest discounts for works of art. Forbes has a story here. The decision is here.